India: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in India

After three years of growth, the Indian off-highway dumper market decreased by -15.8% to $X in 2021. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then reduced notably in the following year.

Off-Highway Dumper Production in India

In value terms, off-highway dumper production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 22%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Off-Highway Dumper Exports

Exports from India

After two years of decline, shipments abroad of dumpers for off-highway use increased by 74% to X units in 2021. Over the period under review, exports, however, recorded a deep reduction. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, off-highway dumper exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) was the main destination for off-highway dumper exports from India, accounting for a 31% share of total exports. Moreover, off-highway dumper exports to Indonesia exceeded the volume sent to the second major destination, South Africa (X units), threefold. The third position in this ranking was held by the United Arab Emirates (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-11.3% per year) and the United Arab Emirates (+20.1% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for dumpers for off-highway use exports from India, comprising 32% of total exports. The second position in the ranking was taken by South Africa ($X), with a 12% share of total exports. It was followed by Belgium, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia amounted to +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-9.3% per year) and Belgium (+1.5% per year).

Export Prices by Country

In 2021, the average off-highway dumper export price amounted to $X per unit, rising by 20% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 27%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into India

In 2021, the amount of dumpers for off-highway use imported into India fell dramatically to X units, which is down by -21.3% on the previous year's figure. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 367% against the previous year. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, off-highway dumper imports fell rapidly to $X in 2021. In general, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 369%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2021, the United States (X units) constituted the largest off-highway dumper supplier to India, accounting for a 69% share of total imports. Moreover, off-highway dumper imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. Thailand (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and Thailand (+176.3% per year).

In value terms, the United States ($X) constituted the largest supplier of dumpers for off-highway use to India, comprising 69% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Thailand, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.4% per year) and Thailand (+174.0% per year).

Import Prices by Country

In 2021, the average off-highway dumper import price amounted to $X per unit, falling by -2% against the previous year. Overall, the import price saw a perceptible descent. The growth pace was the most rapid in 2015 an increase of 13%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Sweden ($X per unit) and Finland ($X per unit), while the price for China ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :